Page Comparison

VASP

Virtual Asset Service Providers

Crypto-currency Exchange, Custodian Wallet , Crypto ATM Operator ….

VASP may be regulated and unregulated.

CASP

Crypto Asset Service Providers

Same as VASP but defined in context of EU regulation.

EU Document 32023R1113

Originator

Your customer, Sender, Payer.

Beneficiary

Your customer or 3rd party person, Receiver, Payee. Somebody who is receiving a value from Originator

PII

Personally Identifiable Information

Information about Originator, Beneficiary and transaction

IVMS101 standard

Envelope

Same as PII in context of CAS.

Travel Rule Provider

A third-party that enables authorized transfer of TR PIIs(envelopes) between VASPs within its network.

Originator VASP

VASP that is sending crypto-asset value on behalf of a customer

Beneficiary VASP

VASP that is receiving crypto-asset value on behalf of a customer

Hosted wallet

Crypto-currency wallet where the private keys holds VASP.

Custodian wallet

Same as Hosted Wallet.

Self-hosted wallet

Crypto-currency wallet where the private keys holds the customer/individual.

For example customer is operating his own wallet on his computer or phone where the keys are on the device.

Unhosted wallet

Same as Self-hosted wallet.